Low Carbon Innovation Fund 2

Operated by the UEA and Norfolk County Council, the Low Carbon Innovation Fund 2 (LCIF2) will invest in SMEs across Norfolk, Suffolk, Cambridgeshire, Peterborough and Hertfordshire. To qualify for support, businesses must be making an impact on greenhouse gas reduction, either through the development of products and services or through manufacturing or operational changes.

The fund will identify and manage suitable investment opportunities across the eligible area, raising the 50 per cent or more of private co-investment to match the £11 million of public funds from the ERDF on a project-by-project basis. Investments will range from £25,000 up to £1 million for a variety of early and growth stage businesses from a range of different sectors. Follow-on investments will also be possible.

Anyone wishing to find out more about the fund should contact [email protected] or call 01603 592548 or visit https://lcif.vc/

Below are businesses who have been awarded Low Carbon Innovation Funding 

Connected Energy
Grid-scale energy storage systems made from retired EV batteries, deployed to smooth fluctuations in demand by large energy users and in supply from renewable energy sources. www.c-e-int.com

KisanHub
Software as a service (SaaS) platform for the agri-food businesses to manage their crop procurement from farmers, providing visibility in their supplier network and improving traceability, quality and quantity of the produce. www.kisanhub.com

Kubos Semiconductors
Developer of cubic Gallium Nitride (GaN) LEDs to deliver low cost, high quality and efficient green and amber light with application in general lighting, micro-LED displays and automotive. www.kubos-semi.com

NRL
Licensor of patented manufacturing process technology for the production of bottles and other packaging from paper pulp. www.nrltd.co.uk

Spark EV Technology
AI-powered software to provide highly accurate, personalised range predictions for electric vehicles (cars, buses, trucks), leading to improved confidence in EV reliability on the part of consumers and drivers. www.sparkevtechnology.com